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fall under simpson-bowles just in the year 2015, starting with drug rebates under medicare part d. that money would come from the drug companies themselves, likely $6 billion just in the year of 2015. a change in inflation measure, that means that beneficiaries of medicare and medicaid might get less money going forward. that's $3 billion. cuts in farm subsidies, that's big. those guys would lose $3 billion that year. eliminating the in-school interest subsidy for student loans. that's a popular one for those folks who have taken out student loans but who are still in school. that would be a big hit, again, to those people taking student loans. clearly, there are going to be some unpopular political choices here. there's a lot of stuff that's very unpopular politically already in the simpson-bowles plan, which is what a lot of people here in washington are talking about as a starting point. don't forget, there's another very difficult conversation still to come, guys. >> no doubt, eamon. thanks so much. meantime t our next guest is one of the fix the debt ceos and wants more focus
've got a ne long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i looked at my options. then i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b mecal expenses. the rest is up to you. call now and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, it helpsick up some of what medicare doesn't pay. and could save you thousands in out-of-pocket costs. to me, relationships matter. i've been with my doctor for 12 years. now i know i'll be able to stick with him. [ male announcer ] with these types of plans, you'll be able to visit any doctor or hospital that accepts medicare patients. plus, there are no networks, and you neveneed a referral to see a specialist. so don't wai call now and request this free decision guide to help you better understand medicare... and which aarp medicare supplement plan might be best for you. there's a wide range to choose f
star rating among national medicare companies... and become the first and only national medicare advantage company to achieve a 5-star rating for a medicare plan... your efforts result in the quality of care and service we're able to provide... which means better health outcomes... and more quality time to share with the ones who matter most. i love you, grandma! [ male announcer ] humana. ♪ >>> welcome back, everybody. this is where the president will be speaking moments from now from the white house surrounded by middle-class americans, an attempt by the president to continue building support for his plan to avert the fiscal cliff. >>> developing now, new clashes in cairo, egypt today, between protesters and police. the protesters have been demanding that egypt's new president rescind the decree he had last thursday granting him absolute power. tens of thousands of protesters rallied in caikacairo's tahrir square. two of e jim's top courts today suspended their work in protest of president mohamed morsi's decr decree. joining me to talk more about the middle east is ambassado
republicans seem to really want is what they would call reform or spending cuts on the medicare side. you guys, your think tank released a report on how to do that while protecting seniors. if the center for american progress is saying you can cut medicare, is there common ground that can be reached here? >> i hope so. in the distant past, it was republicaned talking about ways to strengthen medicare by ensuring we are lowering health care costs. $385 billion in additional savings in medicare, but importantly, our proposals protect middle income beneficiaries. the pledge has required that republicans really go after beneficiaries. both for medicare and social security. so we're saying you can have a good deficit reduction plan that has savings in medicare, but it's important that we protect those who are vulnerable in the middle class, seniors, those on medicaid and we can do that. and one thing i would say about the pledge, there's a lot of talk about the politics and republicans moving, et cetera. the issue here is not politics when we're together. americans support this idea of basic fairne
medicare and medicaid and education from cuts. because for working families, it's all about putting americans back to work. not cutting the things we rely on most. >> this is just one part of the campaign to strengthen and support the middle class in this country. on a conference call last week, president obama made a direct personal appeal to 30,000 of his top campaign activists. he says it's not time to let up. the president told supporters he will barnstorm across the country to keep people engaged in negotiations over the talks. the president's allies also plan on harnessing the power of the obama campaign including the dashboard, a social network built by the obama team. the campaign manager says dash board helped win the election. it will now be used to promote the president's agenda. >> you could see people using dashboard to say, okay, i want to talk about the choices in front of us in the fiscal cliff. we did over 350,000 events on dashboard. it would be easy for supporters to start asking people to call members of congress. >> the biggest assets is republican stubbornness.
something out, how to avoid taxes, and reduce spending on medicare. but it is not yet clear when the lawmakers and the president will meet next. and even if some progress is made this week, a final deal could still be a long way off. >> we rarely see the hill and the white house make decisions early. they tend to do better when they have a deadline. so i -- i would be pleasantly surprised to see it -- a deal emerge earlier than the end of the year, but we'll see. >> reporter: and martin, even though there is not another meeting between the president and lawmakers on the president's schedule, that could certainly change. we know that senate majority leader reid said they hope to have another meeting with the president this week. >> athena jones, thank you, at the white house. >>> and president obama went christmas shopping today. the president and his daughters shopped at an independent store in virginia. the obamas are participating in the third annual event, the white house bought 15 books. >>> and cyber deals, no longer just for monday. they participated in the deals before bla
average star rating among national medicare companies... and become the first and only national medicare advantage company to achieve a 5-star rating for a medicare plan... your efforts result in the quality of care and service we're able to provide... which means better health outcomes... and more quality time to share with the ones who matter most. i love you, grandma! [ male announcer ] humana. ♪ i took my son fishing every year. we had a great spot, not easy to find, but worth it. making it hard to breathe, i thought those days might be over. so my doctor prescribed symbicort. it helps significantly impve my lung function starting within five minutes. symbicort doesn't replace a rescue inhaler for sudden symptoms. with symbicort, today i'm breathing better. and that means...fish on! symbicort is for copd including chronic bnchitis and emphysema. it should not be taken more than twice a day. symbirt may increase your risk of lung infections, osteoporosis, d some eye problems. tell your doctor if you have a heart condition or high blood pressure before taking it. with copd, i thought
achievements of the past century, social security and medicare, on the chopping block in exchange for that. that shouldn't be in exchange for that, because if we simply do nothing, the republicans lose everything they want. >> such a great point. dan, speaking of republicans not recognizing the new reality, grover norquist has been furiously trying to spin the fact that there are several senators and members of congress who are moving away from his sacred pledge. let's take a listen to a little bit of grover. >> the pledge is not for life, but everybody who signed the pledge, including peter king who tried to weasel out of it, shame on him as the new york sun said today, i hope his wife understands that commitments last a little longer than two years or something. no pledge taker has voted for a tax increase. they've had some people discussing impure thoughts on national television. the same thing with other people who are elected because they made that written commitment to the people of their state. >> that sounds like a threat. >> why does he keep making this romantic sexual thing? >> d
to raise the retirement age of medicare, might fold parts of medicare into one, so you can get efficiencies. that will be on the table. there's going to be cuts. and i don't think it's a mystery about how big the tax increase is going to be. john boehner says 800 billion, the president puts down a $1.6 trillion marker. doesn't take einstein to figure out you get $1.2 trillion. to me, that's going to be the size of the tax increase. you have warren buffett on later today. i think his op-ed in the "new york times" is one of three live options for how you get there. a flat minimum tax for rich people or some cap on deductions, which i think is going to becoming increasingly appealing to lawmakers as they try to solve this or flat out increasing the rates, which is a non-starter for a lot of republicans. i think you're going to see a slightly higher rate with some kind of cap on deductions or alternative minimum tax for rich people. >> a combination of those two. we've got a lot more to talk about with you. monday night football highlights the eagles showing they don't need michael vick to lose
"morning joe." we're brewed by starbucks. of washington about the future of medicare and social security. anncr: but you deserve straight talk about the options on the... table and what they mean for you and your family. ancr: aarp is cutting through all the political spin. because for our 37 million members, only one word counts. get the facts at earnedasay.org. let's keep medicare... and social security strong for generations to come. i want to get a big tv for my big family, for the big holiday. we like to watch big games. we got a big spread together... so it's gotta be big. how about the 55-inch lg tv. it's led and has incredible picture quality... that's big... but i got a little budget. with the walmart credit card special financing you can go big this year. that's big time! alright! [ male announcer ] get the season's hottest brands, like an lg 55-inch led tv. make an electronics purchase of $429 or more on your walmart credit card and get no interest if paid in full within 18 months. america's gift headquarters. walmart. inspiration. great power. iconic design. exhilarating perf
dick durbin says medicare and medicaid are fair game in deficit negotiations, but insist social security should be left alone. >> social security does not add one penny to our debt, not a penny. it's a separate funded operation, and we can do things, and i believe we should now, smaller things, played out over the long term that gives it solvency. medicare is another story. only 12 years of solvency lie ahead if we do nothing. so those who say don't touch it, don't change it are ignoring the obvious. >> despite showing willingness for reform -- >> can we talk about that for a second? >> i don't want to repeat what you said. >> it's bull hockey. >> that's not what you said. >> this whole thing has been a complete farce for years. there's no trust fund. they raided that a long time ago. but the bigger point, i will because you know what? my heart has grown like the grinch's since thanksgiving. i have so much to be thankful for. >> it's been growing ever since election day, basically. >> so i'm going to be kind. first of all, senator durbin deserves respect on this front because he
. it takes passion. and it's not letting up anytime soon. if you're eligible for medicare, you might know it only covers about 80% of your part b medical expenses. the rest is up to you. call now and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they help pay some of the difference. and could save you in out-of-pocket medical costs. you'll be able to visit any doctor or hospital that accepts medicare patients. plus, there are no networks, and you never need a referral to see a specialist. so don't wait. call now to request a free decision guide to help you understand medicare. and which aarp medicare supplement plan might work best for you. there's a range to choose from, depending on your needs and your budget. and they all travel with you -- anywhere in the country. best of all, you'll be joining the millions who have already enrolled in the only medicare supplement insurance plans endorsed by aarp, an organization serving the needs of people 50 and over for generations. ♪ reme
absorption in one daily dose. of washington about the future of medicare and social security. anncr: but you deserve straight talk about the options on the... table and what they mean for you and your family. ancr: aarp is cutting through all the political spin. because for our 37 million members, only one word counts. get the facts at earnedasay.org. let's keep medicare... and social security strong for generations to come. and social security strong for generations to come. why they have a raise your rate cd. tonight our guest, thomas sargent. nobel laureate in economics, and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years? no. if he can't, no one can. that's why ally has a raise your rate cd. ally bank. your money needs an ally. >>> breaking news tonight on the libya mess. a new allegation that the obama administration still cannot get its story straight after so much time, even as recently as this morning. ironically, this latest charge flows directly out of an attempt at damage control. u.n. ambassador susan rice's tri
't want deep cuts to programs like medicaid, medicare, social security. some republicans say it's the only way to get a deal. >> the reason we're having these negotiations is because washington democrats have spent money without any care for the cost or the future. and refuse to do anything to protect long-term spending programs like medicare, a failure that's among the biggest single drivers of our debt. >> one out of three people in this country are going to rely on medicare and head cade for their health insurance. so we need to find ways to preserve these programs. >> senator durbin says the debate over entitlement programs should be fought after the new year. he's going to join us in a few minutes to talk about it. >>> police on new york's long island investigating a deadly bus crash, a 6-year-old boy was killed last night when the driver of that bus lost control and went barreling into the front bedroom of the boy's home. police say the bus driver swerved to avoid hitting a pedestrian. 11 people on board the bus suffered minor injuries. the boy's 7-year-old briere was hurt but not se
and the eligibility age for medicare. now, this is budget talk. but one of the things that has been negotiated is gradually increasing the age to 67. that would save around $250 billion over ten years, so that's a significant concession. >> although gradually is a problem. this is like you know, the french. they take ten years. you've got to do it right away. >> that's there and there's the political reality. you know the old washington joke. a billion here, a billion there, then you're talking money. >> what about social security? >> talk about changing the benefit formula. change cpi. basically, what folks say is this could be a more accurate measure of inflation and if you put that in place, you could save $223 billion. if you raise the retirement age to 69 by 2075, it would affect toddlers today, no one else. >> you know what, toddlers, i'm going to move it to 59 today. >> this has democrats willing to take on their own special interests. it's a sense of where the argument could go. and neither democrats nor republicans want to be the ones to raise it. they're going to have to do it more q
up 800 billion in new revenue and overhaul the tax system and changes to medicare and that's why the republicans are asking the democrats to come in and explain your deal. this plan was hatched in 2010 and everyone walked away from it and now they call bowles back up? it is late. this is what the american people are upset about. nothing gets done. >> steve: we are a month from the cliff. >> gretchen: we could have avoided the cliff if they used the plan as a starting point. americans are upset nothing gets done. >> brian: norquist is the bad guy. you should walk away from grover norquest. he said you have enough money on capitol hill and stop asking us . he's been a watch dog on our money so whether you are democrat or republican you should salute him. he warned you in the past that people who walked away from the no new taxes paid a price. >> remember the gang of 6. three of the people that you mentioned spent eight months in the room with democrats, pretending to negotiate tax increases for entitlement reform . after a while coburn had to admit they were offered nothing but tax
in the making. and there are many years ahead. join the millions of members who've chosen an aarp medicare supplement insurance plan insured by unitedhealthcare insurance company. go long. [ gordon ] for some this line is a convenience. how you doing today? i'm good thanks. how are you? i'm good. [ gordon ] but for others, it's all they can afford. every day nearly nine million older americans don't have enough to eat. anything else? no, not today. join me, aarp, and aarp foundation in the drive to end hunger by visiting drivetoendhunger.org. with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger ] at scottrade, seven dollar trades are just the start. try our easy-to-use scottrader streaming quotes. it's another reason more investors are saying... [ all ] i'm with scottrade. it's cramping. go ice that thing. sorry. hand cramp. ahh. [ male announcer ] cyber monday is back. shop now for great savin
don't need to do anything with it now. maybe we can if i had al little bit with medicare but these are points very difficult -- >> if you take medicare and medicaid off the table, then you got to do it three ways. you got to have entitlement reform, increased revenues, it seems and almost everybody says this and economic growth. >> correct. exactly right. you country have a deal if you don't have medicare at least on the table and probably medicare and social security. and frankly, you're not going to get a deal on those this year anyway. the sometime too short. this has to be something that comes around next year. >> what's wrong with the idea that wealthy beneficiaries of medicare, i am seven years away from taking it. >> don't look like it. >> thank you, man. we shouldn't have to pay more. shouldn't i? >> i think there's some truth to it that part a of medicare, the catastrophic coverage is free, if you will. we pay for it during our lives and don't pay anymore after we are retired. simpson boles suggested that, have wealthy people pay for some of that coverage? >> mak
. exclusively at verizon. [ male announcer ] it's that time of year again. medicare open enrollment. time to compare plans and costs. you don't have to make changes. but it never hurts to see if you can find better coverage, save money, or both. and check out the preventive benefits you get after the health care law. ♪ open enrollment ends dember 7th. so now's the time. visit care.gov or call 1-800-medicare. [ male announcer ] this holiday, give your family the greatest gift of all -- peace of mind. with the adt after thanksgiving sale. get adt home security and home management starting at just $99. that's a savings of $300. plus 15% off accessories. call now or visit adtpulse.com/tv. sale ends midnight november 27th. more than a security system, adt can help you turn on a few lights. bring family in from the cold. even let you know when an old friend has arrived. get the advanced technology of adt and save $300. starting at $99 installed. pulse save on accessories. call now or visit adtpulse.com/tv. sale ends midnight november 27th. >> all of the things that have-- they have lied abou
of the is executives want. you know, medicare has problems. we should deal with those. we should start negotiating drug price. that save 25s billion a year. they don't want to go there. the pharmaceutical doesn't want to go there. there are places to save money and make it whole but they're not the cause of the debt and debt we're dealing with. extraordinarily low taxes. for ten, 12 years we've been cutting taxes to create jobs. my question is where are the jobs. hay didn't come from the tax cuts. >> let me read something. this is part of the article that quoted your comments that says perhaps it's better to go over the cliff. it says with bad taste of budgets lingering in their mouths, liberals have a particular reason to be concerned. he struck a deal with republicans to extend the bush era tax cuts iffer more than two years app last year's agreement to raise the debt ceiling, no new revenues, angering them again. is this having to do with anger or disappointment you felt the president needed to make in prior negotiations. >> well, he was boxed in when the republicans threatened the full faith and cr
to social security and medicare. any common ground? >> shep, in public, it does not sound like it. top republican leaders say if you want to avoid the fiscal cliff, you need to address the drivers of our debt. >> we know that the only way we can solve our long-term debt and deficit problem is to fix the unsustainable growth rates of our very popular entitlement programs. the president has from time to time indicated an openness to that. now is the time to actually do it. >> 42 business groups sent a letter to leaders of congress asking them to do tax reform to lower tax rates and also address entitlement reforms. >> shepard: democrats say they want more revenue, more taxes here. what about entitlement changes? >> well, any time you start talking about tweaking these programs, there are groups in washington around the country that mobilize to try and stop cuts. the number two senate democrat, dick durbin, says he'd be open to look at entitlements, but not part of the fiscal cliff talks. here is the senate majority leader's view. >> at the meeting we had that i mentioned with president a
among national medicare companies... and become the first and only national medicare advantage company to achieve a 5-star rating for a medicare plan... your efforts result in the quality ofare and service we're able to provide... which means better health outcomes... and more quality time to share with the ones who matter most. i love you, grandma! [ male announcer ] humana. ♪ no longer beautiful? every year, millions of young women try to change the skin they were born with and say they'd die for darker skin. sadly, some actually do. melanoma is the second most common cancer in teens and young adults, and one person dies from melanoma every hour. change your thinking, not your skin. stop tanning. learn more at spotskincancer.org. a message from the american academy of dermatology. lou: president obama meeting with heads of the labor union today who say thpresid lou: president obama meeting with heads of the labor union today who say the president is committed to higher taxes on tor e.rners, saying the rich do not pay their share. tomorrow, some will meet witho e the president and a
helped us achieve the highest average star rating among national medicare companies... and become the first and only national medicare advantage company to achieve a 5-star rating for a medicare plan... your efforts result in the quality of care and service we're able to provide... which means better health outcomes... and more quality time to share with the ones who matter most. i love you, grandma! [ male announcer ] humana. ♪ neil: it has been pretty much the legacy of this president's term and it was handed off by his predecessor if you think about it. auto companies, you name it. a lot of us actually started a long time ago before each of these men even came in to office. back to the carter years, to chrysler. a very big bailout. david stockman, who was then a congressman was urging against. >> i was running for reelection and chrysler was the biggest employer and i got the highest% of election because i suck my principles. the professionals knew that if they got inrouble, they were big enough to make a stink and to go down. neil: but now things have switched. now they have
and medicare under control. white males of the republican party will be arguing to reduce benefits while women and minority will make a case for keeping the safety net where it is. the irony is men and women have the same political power, historically. all live longer than men. in the old folks home there's one guy there -- >> very popular guy. >> his ears are enormous. all these women are there because they tend to live longer and they have an interest in social security and medicare more than men do. >> and we're also poorer. at the middle of our lives and end of our lives, we're poorer, so we rely on safety net programs and we need them. women have been much more -- going back to the reagan election of 1980 that's when you saw the gender gap because the social safety net was being threatened and women do vote. it's not only or mainly abortion, choice or contraception. it's economic issues. those come in to play, too. so i think this is -- we have today, another data point, where stuart stevens in washington post brags romney won the votes of people who make over $50,000. as though people wh
the fact that medicare does a good job controlling costs and covers people. now, i got a lot of flak from both sides, i mean, this is -- and i don't consider that a sign of virtue. if both sides attack you, you must be in the right place. i understood why that was. but i think the really sort of critical period in the debate occurred in deciding what the initial approach would be. >> that's interesting. >> and then, of course, during that period that ran roughly from late 2009 into 2010 when we went through four near-death experiences with the bill. >> that made me think also about -- let me just also say for the record, the 13th amendment is a much, much, much bigger deal in the affordable care act. lest anyone think i'm equating the two. much bigger two. >> yeah, absolutely ending slavery is a much bigger deal than anything, but the affordable care act is immensely significant. i think the difficulty here is to, you know -- and i think this is the difficulty. it's for progressive people. how do we develop a way. this is, again, you can borrow this from the history of lincoln and his rel
.com. ♪ campbell's. it's amazing what soup can do. [ male announcer ] it's that time of year again. medicare open enrollment. time to compare plans and costs. you don't have to make changes. but it never hurts to see if you can find better coverage, save money, or both. and check out the preventive benefits you get after the health care law. ♪ open enrollment ends dember 7th. so now's the time. visit care.gov or call 1-800-medicare. >>. >> gregg: bottom of the hour, top of the news, egypt's stock market taking a dive amid mass demonstrations, thousands of egyptians are protesting president morsi's power grab. weather is giving holiday travelers another reason to be thankful. few airports are reporting any delays. big crowds. tomorrow is cyber monday, retailers are hoping to lure holiday shoppers to their website with the promise of deep discounts. americans are expected to spend $1.5 billion online tomorrow. >> heather: republican leaders making it clear after the election that their party is getting serious about overhauling the nation's dysfunctional immigration system but sweeping reform mig
] >>. >> eah professionals who helped us achieve the highest average star rating among national medicare companies... and become the first and only national medicare advantage company to achieve a 5-star rating for a medicare plan... your efforts result in the quality of care and service we're able to provide... which means better health outcomes... and more quality time to share with the ones who matter most. i love you, grandma! [ male announcer ] humana. ♪ >>> live from america's news headquarters israel and hamas militants agreesing on a cease fire, brokered during a week of the fiercest fighting in years. israel moved,000s of troops saying they're ready to invade gaza if hamas kept firing rockets. secretary of state clinton flew to the region in an attempt to stop a ground war. she met with israeli prime minister who said more military action is still possible. >> i know there are citizens expecting a more severe reaction, perhaps, we shall need to do so. but at this time, the right thing for israel is to use this opportunity to achieve a long lasting cease fire. >> more than 150
achieve the highest average star rating among national medicare companies... and become the first and only national medicare advantage company to achieve a 5-star rating for a medicare plan... your efforts result in the quality of care and service we're able to provide... which means better health outcomes... and more quality time to share with the ones who matter most. i love you, grandma! [ male announcer ] humana. ♪ >>. >> greta: the race is on. iran working to build nuclear weapons and israel hoping to stop them before it's too late. benjamin netanyahu urging the world to stop iran in its tracks but so far president obama has resisted. using sanctions to try to stop iran. now, the question, will president obama change his tactics in his second term. >> what is our relationship with israel right now? >> fractured. not nearly trustworthy as it used to be. president obama says the right things but actions speak louder than words. when you put israel under the bus to talking about '67 borders and you talk about israeli settlements and you don't talk about rockets coming coming into israe
's that time of year again. medicare open enrollment. time to compare plans and costs. you don't have to make changes. but it never hurts to see if you can find better coverage, save money, or both. and check out the preventive benefits you get after the health care law. ♪ open enrollment ends december 7th. so now's the time. visit medicare.gov or call 1-800-medicare. >>> now, she might be the president's choice to succeed hillary clinton. would you support her? >> i would be very hard pressed. >> if it were john kerry? >> he became within a whisper of being president of the united states. i think that works in his favor but, i would love to hear him make his case. but i don't have anything in his background like this tragedy in benghazi, that would make me really want to make me carefully examine the situation. >> if president obama nominating john kerry in stead of susan rice, massachusetts would hold a special election to fill kerry's seat, which provokes this question. >> would you be running again in the special election? >> there's no vacancy that i'm aware of and we'll see what happe
touch the third rail, he hugged it. not only did he advocate a serious medicare reform agenda he did something everyone said he shouldn't do including the public establishment, pick paul ryan. everyone was saying, you know, we're going to try to attach the ryan budget to mitt romney and then the democrats were thrilled. steve israel, the chairman of the dccc put out a fund-raising e-mail saying that paul ryan. they planned -- >> however good you think that is, it didn't work. what did he -- >> let me address that. he actually won the seniors vote. i think he has opened up the possibility both for president obama and congressional republicans, and you saw this in this poll that came out, center left organization, talking about people are open on entitlement reform in a way they haven't been in the past and i think romney/ryan broke through a little bit on that. other policy areas. look, republicans have to do a better job over the next couple years, particularly the republican think tank community, has to do a better job of thinking through about how to talk about middle class economi
companies to pay higher rebates to drugs for people who are on medicare and medicaid. he reforms the medicap wraparound insurance plan. right now medicare is essentially indirectly subsidizing those plans. so the president actually has substantial savings, not only in health care, but in many other areas. for example he eliminates a lot of the excessive agriculture subsidies. so the president's plan does have that balance of cuts, and revenue. >> interesting that you bring up health care because eric cantor, something we heard from speaker boehner, he would like obama care to be back on the table. i mean, democrats say, look, this is how we squeezed out -- we squeezed money from medicare. but the republicans are saying no put that back on the table. this is what he said. >> if the president is serious about joining us and fixing the problem, he ought to be putting obama care on the table. there's no question in my mind, that is the largest expansion of government programs -- >> can you say at the moment that that's being talked about? >> all i can say is the president has got to get serious
and cutting on programs like medicare. but both sides saying they're willing to compromise. >> you have to raise additional revenues. there are ways of doing that. >> republicans always put revenue on the table. democrats always promise to cut spending. we never cut spending. what i'm looking for is more revenue for entitlement reform. >> the house speaker has called for a short term fix to overt the fiscal cliff so congress can work on a bigger deal in 2013. they naed to cut out a package that includes revenue hikes and spending cuts by the end of the year. >> americans have been out shopping early and often. almost 140 million kmers hit the stores or shopped online between thursday and sunday. that's up 6% from last year. >> almost a quarter billion shoppers will have been online or in stores. shopping started earlier than ever and in spite of the employee protests, the early opening paid off. according to the national retail federation, more than 35 million shopped on thanksgiving. black friday was big, too, 89 million braved the crowds in search of those hard to beat par begins. up
and medicare, particularly in making sure that they are sound for the future. so that's lindsey's position. and he has talked about accepting revenue to accomplish that goal. >> republicans continue saying they don't want to increase tax rates arguing that will hurt job growth. democrats say the middle class could be spared from a tax increase now. >> however as we continue to negotiate a responsible path forward i remind everyone within the sound of my voice of one fact. this congress is where one vote away from avoiding the fiscal cliff for middle class families and small businesses. >> republicans point to a study done by the winston group which is a republic research firm which says 65% of americans back tax reform and spending cuts over raising taxes, shep. >> shepard: we are hearing now that house republicans are planning to meet with ceos up on the hill a day after tomorrow. >> top ceos and top fiscal experts two weeks after president obama essentially did the same thing. the ceos of etna inc., honey well international and irskin bowles are amongst those scheduled to attend. half th
. entitlement reform is a stumbling block. democrats don't want deep cuts to medicaid, medicare and social security. republicans see no other choice. >> the reason we are having these negotiations is because washington democrats have spent money without any care for the cost or the future. and refuse to do anything to protect long-term spending programs like medicare, a failure that's among the biggest drivers of our debt. >> one out of three people in this country are going to rely on medicare and medicaid for their health insurance. so we need to find ways to reserve these programs. >> senator durbin is suggesting the debate over the entitlement programs should be waged after the new year once the fiscal cliff issue has been settled. >>> six minutes past the hour, new storms rolling into the northwest this morning. and that could cause dangerous flooding. alexandra steele is live in atlanta for us. what's going on? >> hey, good morning to you guys. we've got one storm that's gone and one storm that's a massive storm incoming. so let's start with this, all you guys in new york city had sn
, the benefits will be less. so with regard to medicare, there are easy ways to address that. and we need to deal with those two matters. and i know we will. but, again, putting this on the table, no. can't do it. >> well, this is going to call out the democrats, no question about it. >> no doubt about it. >> and it's going to test the resolve -- >> and we've got to stand up -- >> and it's going to test the resolve of the democrats. >> and we've got to stand up and be democrats. the people have said to us, please, stop the bickering, go out there and stand up for the middle class. that's what all the polling shows. that's what the election showed. and i'm hoping that mr. boehner, speaker boehner will join us and say to the tea partyers, look, you know, we've got to move on. the country cannot be stagnant, standing in one place. can't do it. >> well, congressman, what about moving on with the likelihood of a kick the can down the road type of deal, where there would be some kind of temporary extension. do you think democrats would fall prey to that? >> i hope not. i want us to get a deal done. but
dell. it's changing the conversation. ♪ a new way to save on your prescriptions. it's the aarp medicarerx saver plus plan from unitedhealthcare. with this plan, you can get copays as low as a dollar through a preferred network pharmacy like walgreens -- where you'll find 8,000 convenient locations. best of all, this plan has the lowest part d premium in the united states -- only $15 a month. open enrollment ends december 7th. so call today or visit your local walgreens. conspiracies. this is "hardball," the place at to roll over my old 401(k) into a fidelity ira. man: okay, no problem. it's easy to get started; i can help you with the paperwork. um...this green line just appeared on my floor. yeah, that's fidelity helping you reach your financial goals. could you hold on a second? it's your money. roll over your old 401(k) into a fidelity ira and take control of your personal economy. this is going to be helpful. call or come in today. fidelity investments. turn here. >>> good afternoon. i'm taylor mathson with your cnbc market wrap. the dow falls 42, the s&p loses 2, and the nasdaq add
. a new way to save on your prescriptions. it's the aarp medicarerx saver plus plan from unitedhealthcare. with this plan, you can get copays as low as a dollar through a preferred network pharmacy like walgreens -- where you'll find 8,000 convenient locations. best of all, this plan has the lowest part d premium in the united states -- only $15 a month. open enrollment ends december 7th. so call today or visit your local walgreens. >>> our second story "outfront," explosive accusations in florida. in a scathing article, the state's former republican chairman greer claims they passed a law that was designed to squelch turnout and give the election to mitt romney. it made it harder for voters who moved to actually cast ballots. the republican party of florida has responded and tell "outfront," i want to quote them here, jim greer's quotes are false and details keep changing. great to have both of you. roland, let me start with you. these accusations come from jim greer, former boss of the party. he is accused of stealing money from the party. accusations come from charlie crist w
, medicare would pass with 55 votes, 55. the filibuster did not even figure into lbj's planning. that all changed in recent decades. now everything gets filibustered, big things like health care reform are filibustered and small things like who gets to be nominated ambassador or sit on the national labor relations board. the problem with the filibuster in one sentence is it made the senate into something it was never intended to be, a place that requires a super majority to get anything, anything at all no matter how small or necessary done. defenders of the filibuster tend to say it is about minority rights or the constitution's preference for making hard to get anything done, and it is important to know that that is not true. yes, the founding fathers wanted to make governing hard. it is why they divided power among three branchs and it is why senators used to be directly appointed by state legislatures and why the house, the senate, and the president have staggered elections. usually you need a big win in two or monday consecutive elections in order for a party to secure control of con
? some down payment. the second act is some clear indication of what to do with medicare and defense stocks. they have to give a clear indication otherwise there's going to be some kind of credit downgrades in the months going into 2013. how about the greek deal? i fell out of my chair. this is a default in all but name. look at this. an extension of the loans for 15 years. 15 years. $245 billion of loans. deferral of interest payments for ten years. deferred for ten years. and a reduction in interest rates. imagine this. you have a 30-year mortgage at 3%. now instead of a 30-year mortgage you have a 45-year mortgage. instead of 3% you're paying 2%. how about no interest payments for the next ten years on your 30-year mortgage? that's the deal the greeks just signed. it's staggering because what's happening here is don't call it a default. it's not a default. it's a restructuring. the fact is this is the first step on forgiveness of the debt. they're not officially forgiving any debt. don't say that. they'll freak out on you. the fact is that the next step from here is going out into
to medicare crieders. you actually do need to take on and storm reforming or we're going to be facing a down grade of all three rate being agencies. >> in brief, this stuff about -- they call it providers. providers are patients, providers congress -- you think congratulations and republican are going to take out from -- >> i think it's going to be a provider but i generally don't think it's like it. >> how can john boehner and the republican, preserving some modicum of preegt market, limited government that lacks even small entertainment cuts and plaques spending cut. the see kwenter, that's gone, right? what is going nobody its place. >> supposedly. >> and mr. bainor has made it very clor that it sounded to me like mr. john boehner despites a's in they were to find ways to get to that number. the problem is as long as the pie stays the size that it, is you're not talking about significant changes that are going to have maybe ten-year changes long time for this kmirnt economy, when you begin to what the impact of this is 20, 30, 45 years a road. you're talking about the. >> my fear is that
to come to the table and perhaps give in on entitlement reform on medicare, medicaid, and some of these other programs that have really been sacrosanct to the democratic party. >> and just very quickly, mark, we're seeing a lot of public rhetoric, but there are talks, negotiations going on between the staffs of all these politicians in washington. is that pretty much how it works? we get the upfront and behind the scenes is where they do the real work? >> we'll show the photo-ops when we see president obama and the congressional leaders get together like we did on november 16th. really the hard work is done by the staff on capitol hill, and from the white house. we saw that happen over the thanksgiving week. it was not as productive as some people had hoped. but, we are getting to the point right now, 35 days until the fiscal cliff, deb, and they have to reach an agreement. there's still plenty of time left for an agreement to be reached. we're not quite there, but we're getting close. >> mark preston for us. thanks so much. >>> 32 minutes past -- 33 minutes past the hour. poli
it doesn't do is address medicare. and yet the ryan compromise is on the table. so those are the things i would start with. but importantly, just having an expense reduction and trying to rein in our deficit isn't going to solve any of our future problems, and certainly not entitlement. you've got to create a growth commission. and what the growth commission would do is to determine what is needed, what are the -- what's the environment needed to cause our gdp to grow at 3% to 4% instead of 1% to 2%. and they would address things like tax reform, education, immigration, all things that effect the economy. thirdly, there's $1.5 trillion overseas as we know on corporate balance sheets that's not going to come to the united states unless we allow it to come at less than 35% tax rate. what i would do is have a 10% surcharge to bring that money back home. >> is that a one-time holiday? >> i'll get to that. and that would bring in immediately $100 billion to $150 billion which should only be used to reduce the deficit. but i would then permanently put in and tell the growth commission comes out
to see social security intact, medicare and medicaid intact, and not a spending only deficit reduction package. so there is a degree to which the donor class that sets the agenda in our current washington between the campaign finance rules, the lobbying rules, the donor class is setting the agenda and the donor class is more upset about the deficit even than the republican base. >> the last word to richard wolffe, give us your best guess of the date that this deal gets done by? >> i think it gets done early. they want to go home, they want to have christmas at home. the timing and sequencing of when things come into effect is optics but this deal gets done i'm going to say middle of december. >> all right. we will be watching. for the richard wolffe prediction. i want to thank everyone on the panel, ben, heather, richard and jonathan. that is all for "now." we wish everyone a very happy thanksgiving. we will see you back here on monday at 12 noon, 9:00 a.m. pacific. find all of the "now" team's favorite thanksgiving treats on our facebook page, i'm not kigd, facebook.com/nowwithalex. c
. >> people themselves are internally gridlocked. we hear from people cut the deficit, expand medicare. we get a very inconsistent set of messages from them. no, i don't feel guilty at all, and i don't feel badly. i think -- i find there's a great commitment to solving the problem, but it gets to the specifics. i was in city hall in boston 44 years ago complaining about people who wanted a swimming pool in a neighborhood and they complaining because the dump trucks were coming in and out digging out the swimming pool and it was bothering them, and i complained to an old security council. he said, hey, kid, ain't you heard the muse? everybody wants to go to heaven, but nobody wants to die. i think that's what i get from too many of constituents. they want us to cut the deficit, but don't raise my taxes and don't cut this and don't cut that and expand this and expand that. we do our best, and i'm not troubled by our inability to do what some of the them want us to do, which is impossible. >> i'm a little troubled sometimes by the thoughtlessness of some people who are quick to criticize anybody
, if anybody is covered, you can raise the retirement age for medicare. then you can have a system where you can go up to 70 years old. if the republicans cooperate and really force a system of health care exchanges, these health care superstores where you have real competition and you can drive down the premiums that are charged to individuals and small businesses. i mean, we have a real opportunity here. this is a great moment and, you know, i congratulate the senator for the pioneering work that he's done on this issue in the past. >> you know, we have to go but, senator, i want to congratulate you for voting for simpson/bowles. you and people like dick durbin, i have tremendous respect for you to stick your neck out and say something a lot of politicians won't do. it isn't perfect, but it's where we have to go. thank you so much for coming on. senator tom coburn, who, again, my kids seem to love for some reason. thank you very much for coming on, and joe klein of "time" magazine. >>> up next, can president obama turn his voters into fighters? this will be fascinating. i found out how gre
listening? on your prescriptions. nee it's the aarp medicarerx saver plus plan from unitedhealthcare. with this plan, you can get copays as low as a dollar through a preferred network pharmacy like walgreens -- where you'll find 8,000 convenient locations. best of all, this plan has the lowest part d premium in the united states -- only $15 a month. open enrollment ends december 7th. so call today or visit your local walgreens. [ nyquil bottle ] just reading your label. wait...you relieve nasal congestion? sure don't you? [ nyquil bottle ] dude! [ female announcer ] tylenol® cold multi-symptom nighttime relieves nasal congestion. nyquil® cold and flu doesn't. you can stay in and like something... or you can get out there and actually like something. the lexus december to remember sales event is on. this is the pursuit of perfection. >>> turkey and football. two thanksgiving traditions being celebrated in the united states and in afghanistan where troops played a game of ultimate american football before sitting down to a turkey dinner. and as many americans make their way
at this trajectory, 16 trillion in debt. 99 trillion nun funded liabilities with medicare and social security, so at some point you've either got to do it now or do it later. >> congress is back in session on monday and expectsed to work on a solution. >>> and in europe, european union leaders aend two dye days of divisive budget talks without a deal. they are caught for one plan to increase the budget and another to cut t.eu leaders should be able to reach a deal early next year. >>> number four, take a look at this. not sure what all the letters and numbers mean. neither do top british spy agencies. it's apparently some sort of world war ii code that was found on the skeleton of a carrier pigeon found in a man's chimney in england. this is pretty fascinating stuff. according to the uk intelligence agency, 250,000 pigeons were used during world war ii by all branches of the military and the special operations executives. >> this is like a movie. >> yeah. pretty wild stuff. >> number five. we've got black friday, cyber monday and now add this to the list. gray thursday. i didn't come up with it,
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